PodcastOne, Inc. (NASDAQ:PODC - Free Report) - Litchfield Hills Research dropped their Q3 2027 earnings per share (EPS) estimates for PodcastOne in a research report issued to clients and investors on Wednesday, August 12th. Litchfield Hills Research analyst B. Sine now expects that the company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.03. The consensus estimate for PodcastOne's current full-year earnings is $0.02 per share. Litchfield Hills Research also issued estimates for PodcastOne's Q3 2028 earnings at $0.03 EPS.
PodcastOne (NASDAQ:PODC - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $16.10 million during the quarter, compared to analysts' expectations of $17.76 million. PodcastOne had a negative return on equity of 19.85% and a negative net margin of 5.01%.
Several other equities research analysts also recently commented on the company. Wall Street Zen downgraded PodcastOne from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Weiss Ratings restated a "sell (d-)" rating on shares of PodcastOne in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce".
View Our Latest Stock Report on PODC
PodcastOne Stock Up 2.9%
Shares of PODC opened at $3.17 on Friday. The stock has a market cap of $95.73 million, a P/E ratio of -26.42 and a beta of 2.15. The business's 50 day moving average price is $3.94 and its 200-day moving average price is $3.28. PodcastOne has a 52 week low of $1.30 and a 52 week high of $5.20.
Institutional Trading of PodcastOne
Several institutional investors have recently added to or reduced their stakes in PODC. BlackRock Inc. purchased a new position in shares of PodcastOne in the second quarter worth $280,000. NewEdge Advisors LLC increased its holdings in PodcastOne by 168.2% in the 1st quarter. NewEdge Advisors LLC now owns 88,455 shares of the company's stock worth $180,000 after buying an additional 55,473 shares in the last quarter. Citadel Advisors LLC raised its position in PodcastOne by 267.5% in the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company's stock worth $70,000 after buying an additional 30,541 shares during the last quarter. Creative Planning purchased a new position in PodcastOne in the 2nd quarter worth about $49,000. Finally, Dimensional Fund Advisors LP bought a new position in PodcastOne during the 1st quarter valued at about $30,000. 2.87% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at PodcastOne
In other news, Director D Jonathan Merriman purchased 7,000 shares of PodcastOne stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $4.38 per share, with a total value of $30,660.00. Following the completion of the transaction, the director directly owned 309,732 shares of the company's stock, valued at approximately $1,356,626.16. The trade was a 2.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is owned by company insiders.
About PodcastOne
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PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.
The company's revenue model centers on advertising and branded content solutions.
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